Tian Jing 4
4 · TIGO ENERGY, INC. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
TIGO Energy (TYGO) Chief Growth Officer Receives Award, Withholds Shares
What Happened Tian Jing, Chief Growth Officer of TIGO Energy, received 35,057 shares of Common Stock on March 17, 2026 upon vesting of performance stock units (PSUs) granted in September 2024 (code A, acquired at $0.00). To cover tax withholding related to that settlement (code F), 18,574 shares were surrendered/withheld at an indicated value of $4.14 per share, totaling $76,896 (disposed).
Key Details
- Transaction dates: March 17, 2026 (reported on Form 4 filed March 19, 2026). Filing appears timely (filed two days after the transaction).
- Award: 35,057 shares acquired at $0.00 (PSU settlement).
- Tax withholding: 18,574 shares disposed/withheld at $4.14 = $76,896.
- Shares owned after transaction: Not specified in the provided filing summary.
- Relevant footnotes:
- F1: The 35,057 shares vested because the company met revenue and adjusted EBITDA goals for the 2025 performance period (PSUs granted Sept 16, 2024; vesting subject to continued service).
- F4: The 18,574 shares were withheld specifically to satisfy tax withholding obligations on the PSU settlement.
- F2/F3: The filing also references outstanding RSU grants from Aug 11, 2023; Sept 16, 2024; and Aug 1, 2025 with standard multi-year vesting schedules.
- Transaction codes: A = Award/Grant; F = Tax withholding.
Context This was not an open-market sale; it was a performance-based equity award that vested after achievement of 2025 goals, with a portion of the vested shares withheld to cover taxes (a routine, non-bullish/-bearish administrative action). For retail investors, purchases or awards can signal alignment with company performance targets, while share-withholding for taxes is common and does not indicate an intent to liquidate holdings.
Insider Transaction Report
Form 4
Tian Jing
Chief Growth Officer
Transactions
- Award
Common Stock
[F1][F2][F3]2026-03-17+35,057→ 307,786 total - Tax Payment
Common Stock
[F4][F2][F3]2026-03-17$4.14/sh−18,574$76,896→ 289,212 total
Footnotes (4)
- [F1]These shares of Common Stock were acquired upon a determination by the Company's Compensation Committee that the performance conditions had been met for the issuance of such shares pursuant to performance stock units ("PSUs") that were granted to the reporting person on September 16, 2024. The PSUs vest over a three-year period, with one-third of the PSUs eligible to vest each calendar year based on the achievement of performance goals for each of the calendar year periods ended December 31, 2025, 2026 and 2027 (each a "Performance Period"), subject to continued service through and including the first calendar day after the end of each such Performance Period. This amount represents the portion of the PSUs that vested following the first Performance Period, based upon the Company's achievement of the revenue and adjusted EBITDA performance goals for the year ended December 31, 2025.
- [F2]Includes 14,492 shares of Common Stock underlying RSUs granted to the reporting person on August 11, 2023 (the "August 2023 Grant Date"), 47,516 shares of Common Stock underlying RSUs granted to the reporting person on September 16, 2024 (the "September 2024 Grant Date"), and 77,124 shares of Common Stock underlying RSU's granted to the reporting person on August 1, 2025 (the "August 2025 Grant Date") in each case, pursuant to the Issuer's 2023 Incentive Plan. One-Third (1/3) of the RSUs initially granted to the reporting person on August 11, 2023 vested and were delivered to the reporting person on August 11, 2024, the first anniversary of the August 2023 Grant Date, and one-third of the RSUs subject to the grant shall vest and be deliverable to the reporting person on each of the second and third anniversaries of the August 2023 Grant Date, subject to continued service through each such vesting date.
- [F3](Continuation of the Footnote (2)) One-Third (1/3) of the RSUs granted to the reporting person on September 16, 2024 shall vest, and an equal number of shares of Common Stock will be deliverable to the reporting person, on each of the first three anniversaries of the September 2024 Grant Date, subject to continued service through each such vesting date. One-Third (1/3) of the RSUs granted to the reporting person on August 1, 2025 shall vest, and an equal number of shares of Common Stock will be deliverable to the reporting person, on each of the first three anniversaries of the August 2025 Grant Date, subject to continued service through each such vesting date.
- [F4]Represents shares of Common Stock withheld to cover the tax withholding obligations in connection with the settlement of the PSUs described in Footnote 1.
Signature
/s/ Bill Roeschlein, as attorney-in-fact|2026-03-19